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Edexcel A Level Economics B May-June 2024 Question Paper 3 (9eb0-03)
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Edexcel A Level Economics B May-June 2024 Question Paper 3 (9eb0-03)
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Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel Level 3 GCE
Friday 7 June 2024
Morning (Time: 2 hours) Paper
reference 9EB0/03
Economics B
Advanced
PAPER 3: The economic environment and business
You must have: Total Marks
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Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer all questions.
Answer the questions in the spaces provided
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•• The total mark for this paper is 100.
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P75862A
©2024 Pearson Education Ltd.
F:1/1/1/1/1/
*P75862A0128*
, Answer ALL questions.
SECTION A
DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA DO NOT WRITE IN THIS AREA
Read the following extracts (A to D) before answering Question 1.
Write your answers in the spaces provided.
Extract A
Tesla
In early 2022, Tesla upgraded its Shanghai factory in China. This increased the factory’s
output capacity to 88,000 electric vehicles (EVs) per month.
In September 2022, Tesla produced 83,135 EVs, the highest monthly output for the
factory since production began there in December 2019. 5
(Source: adapted from: https://www.proactiveinvestors.co.uk/companies/news/996196/
tesla-cuts-prices-for-its-vehicles-in-china-by-up-to-9-report-996196.html)
Extract B
Risk of Global Recession in 2023
According to a study by the World Bank, the world may be moving toward a global
recession in 2023. Central banks around the world have been simultaneously raising
interest rates this year, a trend that is likely to continue into 2023, according to the report.
The global economy is now in its steepest slowdown since 1970. Global consumer 5
confidence has already suffered a much quicker decline than in the run‑up to previous
global recessions. The world’s three largest economies – the United States, China and the
euro area – have all been slowing sharply.
(Source: adapted from: https://www.worldbank.org/en/news/press-release/2022/09/15/risk-
of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes)
Extract C
Starbucks invests $1bn in enhancing employee experience, training and pay
Starbucks is to spend $1bn on improving conditions for its employees. This will include
increased pay, benefits and training. From June 2022, there will be increased wages and
further increases for long‑service employees. All new baristas and new shift supervisors
will have their training time doubled and training programmes will be enhanced. 5
Other planned benefits include opportunities to increase sick leave and advice on
student loans and finance.
Starbucks’ Chief Financial Officer, Rachel Ruggeri said: “We are confident the investments
we are making in our employees, will deliver significant returns, resulting in accelerated
long‑term growth.”
(Source: adapted from: https://www.hcamag.com/nz/news/general/starbucks-invests-1-
billion-in-enhancing-employee-experience-training-and-pay/404655)
2
*P75862A0228*
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